PFabrik

Litecoin finds support at 145USD and will break the 154USD

KRAKEN:LTCUSD   Litecoin
Litecoin has tested the 145USD support level, it is on its way to complete the double bottom continuation then it will probably break the 154USD level. That will give it the momentum necessary to reach 161 USD resistance. The stochastic indicator is currently in the oversold area, choppiness index is on its way above 61.67. Last time this happened on the hourly we observed a huge recover from previous mild downtrend.
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